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Monday, June 5, 2023

Is Cytek Biosciences Inc. (NASDAQ: CTKB) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Cytek Biosciences Inc. (CTKB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.24, or 3.04%, to $8.13. The Cytek Biosciences Inc. has recorded 16,739 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Cytek Biosciences Announces $50 Million Stock Repurchase Program.

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Stocks Info

Cytek Biosciences Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Medical Devices industry. The current market capitalization of Cytek Biosciences Inc. is $1.02B. A total of 0.99 million shares were traded on the day, compared to an average of 1.38M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CTKB has seen 0 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 86,000 shares. Over the last 12 months, there were 19 BUYs and 50 SELLs from insiders. Insiders purchased 119,890 shares during that period but sold 493,512.

In the most recent transaction, Yan Ming sold 20,000 shares of CTKB for 7.19 per share on May 19. After the transaction, the Chief Technology Officer now owns 7,870,258 company shares. In a previous transaction on May 08, Jiang Wenbin sold 20,000 shares at 11.55 per share. CTKB shares that President and CEO owns now total 7,664,439.

Among the insiders who sold shares, Jeanmonod Patrik disposed of 3,000 shares on Apr 24 at a per-share price of $10.24. This resulted in the Chief Financial Officer holding 108,201 shares of CTKB after the transaction. In another insider transaction, Yan Ming sold 20,000 shares at $9.71 per share on Apr 19. Company shares held by the Chief Technology Officer now total 7,886,053.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CTKB in the last 3 months, the mean price target is $14.25 with high estimates of $17.00 and low estimates of $12.00. In terms of 52-week highs and lows, CTKB has a high of $16.05 and a low of $6.45.

As of this writing, CTKB has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.05 per share and a lower estimate of $0.02. The company reported an EPS of $0.06 in the last quarter, which was 20.00% higher than expectations of $0.05.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CTKB’s latest balance sheet shows that the firm has $364.62M in Cash & Short Term Investments as of fiscal 2021. There were $2.77M in debt and $32.16M in liabilities at the time. Its Book Value Per Share was $3.13, while its Total Shareholder’s Equity was $406.80M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTKB is Buy with a score of 4.50.

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